IOL Chemicals hits fresh all-time high in weak market; surges 20% in 3 days

In the past three months, the stock has zoomed 180 per cent as against 21 per cent rise in the benchmark S&P BSE Sensex.

Shares of IOL Chemicals & Pharmaceuticals hit a new all-time high of Rs 464.65 in the intra-day trade on the BSE on Thursday, in an otherwise weak market. The stock has surged 20 per cent in the past three days on the back of heavy volumes.

As compared to the average volumes in the previous fortnight, the trading volumes on the counter jumped 1.4 times today. A combined 2.18 million shares have changed hands on the BSE and NSE till 01:11 pm. In comparison, the S&P BSE Sensex was down 0.56 per cent at 34,675 points.

In the past eight trading days,